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Altcoin News

Chinese Hackers Under Suspicion For The Bithumb Hack

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Chinese Hackers Under Suspicion For The Bithumb Hack

\Last week, there was a $32 million hack on Bithumb which a South Korean exchange platform and the cyber police in South Korea is haven’t found any significant clue to nail the case. There have been a number of rumors in the crypto- community in South Korea that claim that the hackers of the platform are China-based. The rumors are also stating that the aim of the hacking may not have been primarily about stealing the money from the exchange but to disrupt the crypto market in order to push the prices down.

Certain people who are of this school of thought believe that investors who associated with hackers were able to purchase the tokens when the prices were down. Seoul Economic Daily reported a statement from an anonymous senior executive of a top Chinese crypto exchange platform and he stated that the hacking attack was most likely instigated from the north of China. The report also stated that the cybercriminals who are numerous in Liaoning, Heilongjiang and Jilin province are now moving to attack South Korean exchanges.

Employees of Bithumb are also under suspicion as critics pointed out that despite the hacks severity, the prices were not largely affected. Another group of people under suspicion are North Korean hackers and this is due to the fact that they were behind a previous attack on Bithumb according to the National Intelligence service of Seoul.

 

AsiaCryptoToday is a team of executive Asia Crypto Researchers set to bring you the latest Cryptocurrency News from Asia (Vechain, NEO, QTUM, Elastos)

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